IMMANUEL ANTHIERENS: what changed
IMMANUEL ANTHIERENS
Largest movements
- Current investments +€54,138
up €54,138 (+338%), from €15,997 to €70,135
- Tangible fixed assets +€20,815
up €20,815 (+23.4%), from €89,143 to €109,958
of which Other tangible fixed assets: +€26,934
- Cash -€11,224
down €11,224 (-49.6%), from €22,646 to €11,422
mainly Other debts (-€72,520) and Current investments (-€54,138)
- Reserves +€143,934
up €143,934 (+79.5%), from €181,043 to €324,977
of which Distributable reserves: +€143,934
- Other debts -€72,520
down €72,520 (-98.1%), from €73,950 to €1,430
- Debts after one year -€13,675
down €13,675 (-26.6%), from €51,490 to €37,815
- Tax, wage and social debts +€6,231
up €6,231 (+7,638%), from €82 to €6,312
- Gross operating margin +€85,797
up €85,797 (+68.3%), from €125,623 to €211,420
- Taxes +€21,372
up €21,372 (+53.3%), from €40,114 to €61,486
- Depreciation +€8,592
up €8,592 (+64.8%), from €13,257 to €21,850
- Other operating charges +€3,711
up €3,711 (+430%), from €863 to €4,574
- Financial income +€3,619
up €3,619 (+15.5%), from €23,339 to €26,957
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €326,189 | €390,061 | +€63,872 | +19.6% |
| Fixed assets | 21/28 | €221,777 | €242,592 | +€20,815 | +9.4% |
| Tangible fixed assets | 22/27 | €89,143 | €109,958 | +€20,815 | +23.4% |
| Plant, machinery and equipment | 23 | €4,906 | €4,386 | -€520 | -10.6% |
| Furniture and vehicles | 24 | €74,838 | €69,240 | -€5,599 | -7.5% |
| Other tangible fixed assets | 26 | €9,398 | €36,332 | +€26,934 | +287% |
| Financial fixed assets | 28 | €132,634 | €132,634 | = | 0.0% |
| Current assets | 29/58 | €104,412 | €147,469 | +€43,057 | +41.2% |
| Amounts receivable within one year | 40/41 | €60,196 | €62,415 | +€2,219 | +3.7% |
| Trade receivables | 40 | €181 | €0 | -€181 | -100% |
| Other amounts receivable | 41 | €60,015 | €62,415 | +€2,400 | +4.0% |
| Current investments | 50/53 | €15,997 | €70,135 | +€54,138 | +338% |
| Cash at bank and in hand | 54/58 | €22,646 | €11,422 | -€11,224 | -49.6% |
| Deferred charges and accrued income | 490/1 | €5,573 | €3,496 | -€2,076 | -37.3% |
| Total equity and liabilities | 10/49 | €326,189 | €390,061 | +€63,872 | +19.6% |
| Equity | 10/15 | €182,043 | €325,977 | +€143,934 | +79.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €181,043 | €324,977 | +€143,934 | +79.5% |
| Tax-exempt reserves | 132 | €1,168 | €1,168 | = | 0.0% |
| Distributable reserves | 133 | €179,875 | €323,809 | +€143,934 | +80.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €144,146 | €64,084 | -€80,062 | -55.5% |
| Amounts payable after more than one year | 17 | €51,490 | €37,815 | -€13,675 | -26.6% |
| Financial debts | 170/4 | €51,490 | €37,815 | -€13,675 | -26.6% |
| Amounts payable within one year | 42/48 | €88,448 | €23,930 | -€64,518 | -72.9% |
| Current portion of amounts payable after more than one year | 42 | €13,168 | €13,675 | +€507 | +3.8% |
| Trade debts | 44 | €1,247 | €2,512 | +€1,264 | +101% |
| Suppliers | 440/4 | €1,247 | €2,512 | +€1,264 | +101% |
| Taxes, remuneration and social security | 45 | €82 | €6,312 | +€6,231 | +7,638% |
| Taxes | 450/3 | €82 | €6,312 | +€6,231 | +7,638% |
| Other amounts payable | 47/48 | €73,950 | €1,430 | -€72,520 | -98.1% |
| Accrued charges and deferred income | 492/3 | €4,208 | €2,339 | -€1,869 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,257 | €21,850 | +€8,592 | +64.8% |
| Other operating charges | 640/8 | €863 | €4,574 | +€3,711 | +430% |
| Gross operating margin | 9900 | €125,623 | €211,420 | +€85,797 | +68.3% |
| Operating profit (loss) | 9901 | €111,503 | €184,996 | +€73,494 | +65.9% |
| Financial income | 75/76B | €23,339 | €26,957 | +€3,619 | +15.5% |
| Recurring financial income | 75 | €23,339 | €26,957 | +€3,619 | +15.5% |
| Financial charges | 65/66B | €5,648 | €6,533 | +€885 | +15.7% |
| Recurring financial charges | 65 | €5,648 | €6,533 | +€885 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €129,193 | €205,420 | +€76,227 | +59.0% |
| Income taxes | 67/77 | €40,114 | €61,486 | +€21,372 | +53.3% |
| Profit (loss) for the period | 9904 | €89,079 | €143,934 | +€54,855 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €89,079 | €143,934 | +€54,855 | +61.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.